Jan 13, 2013 9:00am PST
. >> reporter: the president is gearing up for fights on gun control, deficit reduction, with likely deep defense budget cuts and immigration reform. on tuesday, we will know whether the vice-president will recommend an assault weapons ban. most doubt he will go that far and will look for stronger background checks. on immigration, the president looks likely to get more bipartisan support, with republicans, such as senator marco rubio, presenting similar measures to create a path to citizenship for the current 12 million illegal americans. >> thank you very much. senator lindsay graham isn en route to our studio. i will ask him about gun control and the debate and the cabinet recommendations. send us your questions for senator graham. we will ask him some of your questions. that live interview is in our next hour. in congressional democrats believe it does matter when it comes to the 14th amendment and the debt. listen to this. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling. >> shannon: all right sm.
Jan 15, 2013 6:00am PST
a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being. i'd invoke the 14th amendment, we'd problem below know that if we spent more time with the republicans wasting time on the floor of the house. i thought he ought to raise it and to hell with congress. martha: we talked to stewart varney and kirsten said in that sound byte, this isn't about default, people don't think we aren't going to pay the debt o
Jan 15, 2013 11:00am PST
deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an enviro